Waste Connections, Inc. (TSE:WCN – Get Free Report) insider James Little sold 2,000 shares of the firm’s stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of C$258.79, for a total transaction of C$517,580.00. Following the completion of the transaction, the insider directly owned 32,395 shares of the company’s stock, valued at approximately C$8,383,502.05. This represents a 5.81% decrease in their position.
Waste Connections Trading Down 0.5%
TSE:WCN opened at C$266.73 on Friday. Waste Connections, Inc. has a 12 month low of C$203.46 and a 12 month high of C$273.33. The firm has a fifty day simple moving average of C$232.42 and a 200-day simple moving average of C$227.94. The company has a current ratio of 0.67, a quick ratio of 0.74 and a debt-to-equity ratio of 123.96. The company has a market capitalization of C$66.75 billion, a P/E ratio of 59.80, a PEG ratio of 2.22 and a beta of 0.53.
Waste Connections Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Thursday, November 19th will be given a dividend of $0.3850 per share. The ex-dividend date of this dividend is Thursday, November 5th. This represents a $1.54 dividend on an annualized basis and a yield of 0.6%. Waste Connections’s payout ratio is currently 31.39%.
Analysts Set New Price Targets
Separately, UBS Group upgraded Waste Connections from a “hold” rating to a “buy” rating and set a C$200.00 price target on the stock in a research note on Friday, September 18th. Five equities research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Strong Buy” and a consensus price target of C$200.00.
Check Out Our Latest Report on WCN
About Waste Connections
Waste Connections ( wasteconnections.com ) is an integrated solid waste services company that provides non-hazardous waste collection, transfer and disposal services, including by rail, along with resource recovery primarily through recycling and renewable fuels generation. The Company serves approximately nine million residential, commercial and industrial customers in mostly exclusive and secondary markets across 46 states in the U.S. and six provinces in Canada. Waste Connections also provides non-hazardous oilfield waste treatment, recovery and disposal services in several basins across the U.S.
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